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Democratic shift in political culture far from reality

THE much-expected shift in mainstream political culture is far from a reality although it has been a year since the fall of the Awami League regime. A Transparency International Bangladesh study that reviewed the performance of the interim government since August 8, 2024, when the government under review was installed, reports political violence, partisan control of state...

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Corruption, extortion unchanged: TIB

A study carried out by the Transparency International Bangladesh found that the promise of building a ‘New Bangladesh’ through state reforms was facing significant setbacks as the culture of corruption, grabbing, extortion, and politicising remained unchanged during...

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Deplorable central bank delay in getting at wilful defaulters

THE volume of non-performing loans has increased by Tk 745.7 billion in the January–March quarter, taking the total to a record high of Tk 4,200 billion and the figure accounts for 24.13 per cent of the total outstanding loans, by far the highest in South Asia. Whilst this has happened, banks which have already identified more than 1,500 wilful defaulters, the borrowers...

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Ex-minister Saifuzzaman, 27 others sued

The Anti-Corruption Commission on Thursday filed a case against former land minister Saifuzzaman Chowdhury Javed and 27 others over the embezzlement of Tk 15 crore from United Commercial Bank PLC (UCB), allegedly using fake business entities...

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SC clears way for holding UCB AGM

The Appellate Division of the Supreme Court on Tuesday temporarily cleared the way for holding United Commercial Bank’s 42nd annual general meeting to be held on Thursday, staying a High Court order that had earlier halted the event for three months.

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ACC sues Saifuzzaman, 30 others

The Anti-Corruption Commission (ACC) on Thursday filed a case against former land minister and Awami League leader Saifuzzaman Chowdhury Javed, his family members and several senior officials of United Commercial Bank PLC and Aramit Group on charges of embezzling and laundering Tk 25 crore from UCB...

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IUB hosts K-pop World Festival Bangladesh Audition

The embassy of the Republic of Korea in Bangladesh in partnership with the King Sejong Institute, a Korean language institute at the Independent University, Bangladesh, has organised the 2025 Changwon K-pop World Festival – Bangladesh Global Audition at the IUB auditorium in Dhaka...

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Absence of educational reform decried

Transparency International Bangladesh executive director Iftekharuzzaman on Saturday alleged that no commission had been formed to reform the education sector whereas the historic July uprising began from the educational institutions...

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Govt bank borrowing decreases in FY25

The government’s net borrowing from commercial banks decreased in the 2024–25 financial year compared with the previous fiscal year, driven largely by a surge in foreign loan inflows...

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AIB launches general banking management workshop

Al-Arafah Islami Bank PLC on Tuesday launched a 3-day training workshop titled ‘General Banking Management’ at the bank’s training institute, said a press release...

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Strong euro to weigh on exports, inflation: ECB

European Central Bank policymakers are concerned that the appreciation of the euro could weigh on exports and drag inflation down further, minutes from their June meeting published Thursday showed.

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Eurozone inflation ticks up in June

Eurozone inflation accelerated slightly to 2.0 per cent in June, in line with analyst forecasts and the European Central Bank’s target, official data showed on Tuesday...

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National Bank launches ‘Uttoron’ campaign

National Bank PLC on Tuesday launched a campaign titled ‘Uttoron – Rise Again, Rise with Trust’ as part of its initiatives for deposit mobilisation, consumer financing and credit card services, said a press release...

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BB to review assets of 11 more banks to decide fate

Bangladesh Bank has decided to launch asset quality reviews of 11 more private commercial banks as part of its effort to uncover financial irregularities and take informed decisions about these banks’ future...

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Dollar holdings by banks increase

The dollar holdings of Bangladesh’s commercial banks rose notably in May 2025, backed by increase in remittance inflows and export earnings, according to the latest data from Bangladesh Bank.

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BB halts plan to scrap 14-day repo facility

The Bangladesh Bank has backtracked on its earlier decision to discontinue the 14-day repo facility — a key tool for borrowing from the central bank — following significant disruption on the financial market caused by acute liquidity shortages, central bank officials said...

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10 banks hold over Tk 3 lakh crore in NPLs

Ten commercial banks collectively had over Tk 3 lakh crore in defaulted loans as of March 2025, accounting for nearly 71.4 per cent of the total Tk 4.2 lakh crore non-performing loans in the country’s banking sector...

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Deposits in 10 banks surge by Tk 32,000cr in 3 months

Deposits in 10 well-performing private commercial banks surged by Tk 32,000 crore in the three months ending in March 2025, as depositors moved their funds away from financially weak institutions amid growing fears of collapse, persistent fund shortages, and distrust in bank management...

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MFS used for money laundering, bribery: TIB

The use of the Mobile Financial Services is increasing for money laundering, bribery, online gambling, cryptocurrency transactions and even terror financing and other illegal purposes, a Transparency International Bangladesh study has suggested...

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Sukuk bond’s auction held at central bank

The auction for the 6th government investment Sukuk (Islamic bond) of Bangladesh was held at the Debt Management Department of Bangladesh Bank’s Head Office on Monday...